I don't see how going from ~$20 to almost $700 5 years ago isn't already MOASS. Anyone waiting for something even bigger is a fool.
Some people are straight delusional about stock prices. I've seen people on Reddit say shit like $100,000 a share. Who's going to pay that? It ain't going to be the hedge funds. They don't have that kind of money. They'll cover what they can and declare bankruptcy. And they won't be buying from retail. They'll be buying from their unaffiliated-on-paper other hedge fund directly off market.
A couple people in retail will get rich. Maybe. But in either case you're never going to be able to sell for MOASS prices because trading will get halted and shortys will just go bankrupt. And no you're not hurting the 0.1% by doing this either because it's all LLCs.
I think most of them know they're not getting millions for one share, but the goal is approaching there and see what happens.Why don't any hedge funds want to contribute? If the ape theory is real, then it's pretty easy money.
and yes it is easy to just direct register shares, just nobody who is not involved knows or cares about it. Likely including Russia, if it is true that Putin doesn't even use the internet and has someone else look for him instead.
the hedge funds definitely don't want to contribute, they all know and many participate.
it's also not as easy as supply and demand. If trades go through dark pools they have less effect on price, and some other tools are available too.
Why don't any hedge funds want to contribute? If the ape theory is real, then it's pretty easy money.
The ape theory needs to say that hedge funds are all colluding to keep the little guy down. And that hedge funds definitely aren't actively trying to get an edge over each other every day in the market. Or at least on this one issue, keeping gamestop from shooting to the moon, they've all secretly agreed not to get involved.
Lol I can tell you are an ape or at least learned about the stock market through the ape movement because you're fundamentally misunderstanding basic tenets of the stock market and think invisible enemies are everywhere conspiring to stop you and gamestop from being profitable . It is honestly impressive the cargo cult has lasted this long, and lasted this long without ever actually learning anything at that. I have a feeling you also think every failing company is manipulated by naked short sellers or something right.
Dude, Robinhood halting GME trades is a textbook example of the system being rigged against the common man. They did it back in 2021 and they're doing again. Hell, GME was identified as a stock to buy up to cause a liquidity squeeze in the first place because it had more shorts than shares that existed. How is that even possible?Not currently, know. It was halted on all platforms today and yesterday, which is common when a stock is super volatile.
I don't understand how people can be so blind to obvious rigging.
Some people are straight delusional about stock prices. I've seen people on Reddit say s*** like $100,000 a share. Who's going to pay that? It ain't going to be the hedge funds. They don't have that kind of money. They'll cover what they can and declare bankruptcy. And they won't be buying from retail. They'll be buying from their unaffiliated-on-paper other hedge fund directly off market.
Not currently, know. It was halted on all platforms today and yesterday, which is common when a stock is super volatile.
Dude, Robinhood halting GME trades is a textbook example of the system being rigged against the common man. They did it back in 2021 and they're doing again. Hell, GME was identified as a stock to buy up to cause a liquidity squeeze in the first place because it had more shorts than shares that existed. How is that even possible?Robinhood was grilled in front of Congress because of that exact accusation. The conspiracy is that the hedge funds demanded Robinhood turn off the buy button because the redditors were about to blow up the world economy and make all hedge funds bankrupt. The reality is more boring. Robinhood is a highly incompetent tech startup and deliberately advertised as the platform for the casual investors who had no idea what they were doing. So naturally the majority of apes were Robinhood users. The SEC's investigation found that Robinhood and others couldn't handle the massive amount of volatility and liquidity needed, on top of being overwhelmed by the massive number of new accounts flooding in. No one should be, or ever should have, used Robinhood anyway since they've proven their incompetence in a number of other unrelated episodes anyway. So it's weird apes latched on to the idea that they're part of the global conspiracy, more than the idea that they just proved their incompetence once again.
I don't understand how people can be so blind to obvious rigging.
https://gamefaqs.gamespot.com/a/forum/1/1a0ab06d.png
https://gamefaqs.gamespot.com/a/forum/b/ba6c61fd.jpg
After 3 years what GME person is still using RH though
Robinhood was grilled in front of Congress because of that exact accusation. The conspiracy is that the hedge funds demanded Robinhood turn off the buy button because the redditors were about to blow up the world economy and make all hedge funds bankrupt.
Anyway, that point had nothing to do with why other hedge funds don't just use infinity pool theory to take over the world. Why don't they just turn off everyone's buy buttons whenever they want? Other hedge fund buys position counter to yours? Just tell Fidelity and Schwab to turn off the buy button for the other hedge fund. Unless they're always colluding on every transaction ever. But bajillions are at stake here, and all they need to do is buy gamestop. Surely one hedge fund could break the secret agreement they all have to get infinity dollars. No no, only apes are smart enough to execute this trick.
How are you calling this a conspiracy? They were losing money and I explained the dynamics of what made the price skyrocket and the motive to stop the GME trading.The dynamics of the price skyrocketing is mostly because redditors convinced each other to buy it, according to the SEC's research. The same is true now. Unless you think the SEC is part of the conspiracy too and they're covering it up with that explanation.
Who do you think owned the majority of GME shorts? If you're a hedgefund, why would you try and shoot others in the back and back the GME holders? 75% of the hedgefunds' ability to make money is the connections and access to insider information.Melvin Capital and a few other funds shorted GME. Why would a hedge fund trade against a different hedge fund? Because that's what they do every day? 80% of stock market trade are institutional investors trading against each other. They're not all teaming up - it's the exact opposite. Professional traders are constantly trying to one up every other professional trader. Except apparently when redditors are buying gamestop - then they set aside their differences at all costs to make sure redditors don't take over the world.
Now why would they even care if a bunch of self identified "idiots" lose money?Because, for good or for bad, the government tries not to let fraudulent actors scam innocent people out of their money. Even if they're idiots, and deluded enough to insist that they're not getting scammed.
Because, for good or for bad, the government tries not to let fraudulent actors scam innocent people out of their money. Even if they're idiots, and deluded enough to insist that they're not getting scammed.elon musk
elon muskCertain parts of the government not the whole thing. Also, no one will touch him even if he does shady things.
Because, for good or for bad, the government tries not to let fraudulent actors scam innocent people out of their money.
It does everyday in the stock market. No one cared to halt enzc when a bunch of people kept saying it was going to run. People on this board lost money on that. Where was all the hub bub then?There's no law in shorting anything. Melvin got rightfully fucked by overexposing themselves. You still seem to be under the ape spell that shorting is an inherently evil practice, because that is a necessary truth for the rest of the mythos to add up and for apes to be good guys fighting the evil bad guys. It's not evil, it's just a quirky way Melvin was gambling on the stock prices of failing companies.
You just want to treat GME differently as do these other guys like Jim Kramer.
The only real difference in GME than these other stocks is GME actually had a real short squeeze and it was due to government negligence as in the SEC did nothing when Melvin broke the law in overshorting.
There's no law in shorting anything. Melvin got rightfully f***ed by overexposing themselves.
Naked shorting is the illegal practice of selling short shares that have not yet been determined to exist or that the trader hasn't secured in some way . Ordinarily, traders must first borrow a stock or determine that it can be borrowed before selling it short.Dec 22, 2023
More recently, naked shorting was partially blamed for the GameStop meme stock phenomenon of 2021. During the two previous years, GameStop had posted big losses, leading to a large drop in its share prices. This problem was noticed by hedge funds, which took out major short positions in the stock. In 2020, at least half of GameStops stock was borrowed for short positions.12 By 2021, 140% of GameStop shares were shorted, meaning 40% of the shares shorted werent really out there to trade on; that is, they were likely involved in naked short sales .13 Online investors soon noticed this giant hedge, setting up the Reddit forum r/WallStreetBets to implement a short squeeze and bid up the stock to counter the shorting of the hedge funds. As the share price increased, it wasnt just the hedge funds that lost; short sellers who hadnt borrowed the shares couldnt deliver.13
@Tyranthraxus you didn't understand the GME gambit then. The whole point was to cause a gamma short squeeze and prevent hedgefunds from being able to close out their shorts. That's how they got to the "ludicrous" share costs.
Remember, with shorting, you borrow a stock and immediately sell it to buy back at a lower price and pocket the change. Short at $20, you sell stock at $20, and if it goes to $10, you buy it back and return the stock and profit at $10 a share. Shorting 1000 shares means you make $10 x 1000 = $10K. But the price goes up to $30, you need to buy that stock at $30 instead of $20, meaning you're at a $10 loss, at 1K shares, that's $10K you need to fork up to close the short.
What made the GME stock special was that it was shorted an EXORBITANT amount, 120-140% shorted. Aka, there's a max of ~40% more shorts than shares that exist. Wallstreetbets caught onto this and went to buy up as many shares as possible, rallying the entire country to do so. The price rises upon the obvious need to purchase it back to close out the shorts with extremely (comparatively low) liquidity. This is called a gamma short squeeze event.
No I understand it very well. I'm saying the $700 or whatever was the squeeze. Anyone who continued to hold after that was a .... whatever they call themselves.
That was what you saw. What is your reasoning to conclude that was the max was $700 without the tampering that went on?
Look likes it was a pump and dump. Value dropping off
It rose from investor excitement and just as quickly faded. Last I checked. Value dropped. Are you expecting it to go up again?The stock market is anything but rational.
It rose from investor excitement and just as quickly faded. Last I checked. Value dropped. Are you expecting it to go up again?
Because that's when the squeeze stopped and the stock started crashing. If you bought at $700 well sucks for you but cash out at $500 and cut your losses. Don't "diamond hands" thinking it's going to go back. People were posting screenshots of calls with strike prices of $3000 on WSB ffs.
As for "the real value of the stock" it ain't $700. GME was manipulated by short attacks to be worth way less than it actually was but the true unmanipulated value of the company is still way less than $700 a share. The Short Squeeze price wasn't based on company value. It was based on a combination retail pump & margin calls.
It's the sheer accounting fraud that people were going to exploit and abuse and this fraud, the over 140% short is what both you and Kuuko are heavily undervaluing.
After that pretty much all the losses were incurred by retail Adumbasses who decided buying massively overpriced stock was some form of protest and not just giving away money to the people you hate the most.
The meme stock rally triggered by the return of Roaring Kitty to social media has cost GameStop stock short-sellers more than $2 billion in just two days, according to data firm S3 Partners.
Ihor Dusaniwsky, S3's managing director of predictive analytics, wrote on X: After being down $862 million in mark-to-market losses yesterday, $GME [GameStop] shorts are down another $1.36 billion in mark-to-market losses today.
GameStop stock was up 21% Tuesday afternoon as trading was halted, after multiple pauses in trading on Monday, when the stock closed up 74%.
Short-selling is an investment strategy in which a trader borrows shares and sells them, with the intent of buying them back later at a lower price, returning the borrowed shares (plus interest) to the lender, and profiting off the difference.
Dusaniwsky added that GameStops short interest is $1.92 billion, and that 63.2 million shares have been shorted.
We are seeing continued squeeze-related short covering due to the rebirth of the meme trade, he wrote.
Who are these investors who got excited?You didn't even answer my question. But to answer you in good faith. Retail and reddit. Link below similar to your latest.
You didn't even answer my question. But to answer you in good faith. Retail and reddit. Link below similar to your latest.
https://www.google.com/amp/s/www.foxbusiness.com/. markets/gamestops-stock-surge-continues-punishing-short-sellers.amp
Its crashing
Its down like 9 bucks today which is bad. Its probably going to keep crashing down. Its a volatile stock